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James Greaves, the co-founder of Glyph, has written an article in which he gives some advice on how it should be a virtual money space improved in 2019. He started by saying provocatively that he sold all his bitcoin and that has no interest in the market at the moment.
Explain that there are several cryptocurrency promoters who believe that investors should always keep theirs bitcoin it does not matter what. This proposal is known as HODL and has been implemented by several individuals since the market began to plunge at the beginning of this year.
Those supporters believe that the best is to keep Bitcoin rather than selling it to the market when it falls. But it seems that Mr. Greaves is not so convinced of this strategy. He says he hopes that 2019 will change the encrypted market and allow people to question the rules that most investors hold on to and that are not assets for space.
He went on to say that he wanted to use virtual currencies for his daily life. This means that he wanted to replace the legal currencies with Bitcoin and stop depending on the centralized legal currencies. However, he said that as a store of value he did not find useful Bitcoin and cryptocurrencies, something that many individuals try and not just him.
The author of the article says that throughout the year he felt how real institutions and players will begin to use technology and enter the market. However, this did not happen.
By the way, Mr. Greaves mentioned:
"If I hear another" investor "tell me that I need to pay for them and they will" instruct me "and then introduce me to their Chinese friends, I'm going to lose my mind Yes, it happened all the time this year."
He said that he received several proposals in which he had to pay to receive an investment service, but that did not seem worth it. For example, one individual said that Greaves should give $ 1 million in advance if he wanted to raise $ 10 million without guarantees.
In the article, he explains that the industry is culturally inspired and culturally shattered. To prove this, he says that cryptocurrencies are open and revolutionary, but at the same time space is dishonest and illegal in many cases.
Greaves talked about the sector of initial coin offerings (ICO) stating that the industry focused on speculation, on raising coins rapidly and on finding funds. However, he forgot to pay attention to true development.
Although ICO teams had no experience in similar projects, ICOs were able to raise funds and stop VC. He says he believes the ICO model is still promising, but in a more mature way. Although ICOs would not replace VC, they could be a good option to raise money for the future.
He puts the example of his company, as Glyph is creating KYC and the tools of accredited investors to help the blockchain community. He says that in the future, space needs more companies to help blockchain initiatives to scale their management teams, to pay staff for encryption and to form strategic partnerships.
For the next year, he hopes to see people who evaluate companies related to results that do not deliver on their white books, more companies that provide tools and insights to build them on others.
"I'm still in the beginning, there's a lot more coming in. It happens so much that it's so positive"
he has declared.
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